• Home
  • About
  • Contact Us
  • Privacy Policy

Superior Invest

Investments with confidence

  • Budgeting 101
  • Debt & Credit Tips
  • Saving Money
  • Finance Videos
  • Personal Finance News
  • Personal Finance Books

What happened to the stock market Friday: Street notches weekly gains




Leave a Comment


Dow Jones Industrial Average rises 6 points

S&P 500 extends weekly win streak to 5

The S&P 500 posted its fifth straight weekly gain while the Dow rose for a third consecutive week. The Nasdaq, meanwhile, notched its sixth straight weekly gain. The major averages also hit record highs this week as sentiment around U.S.-China trade generally improved. Better-than-expected earnings from companies such as Disney and Qualcomm also contributed to the weekly gains. To be sure, President Donald Trump poured cold water on the trade optimism, saying has not agreed to roll back existing tariffs. Earlier in the week, multiple reports suggested China and the U.S. were ready to scrap tariffs as part of a phase-one deal.

Disney gains on earnings

Disney shares gained 3.76% after the company posted Thursday quarterly earnings and revenue that topped analyst expectations. Disney’s results and executive commentary also stoked enthusiasm around next week’s launch of Disney+, the company’s video-streaming service.

What happens next?



Source link

  • Facebook
  • Twitter
  • Google+
  • Pinterest

Filed Under: Personal Finance News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • Google+
  • Pinterest
  • Twitter

Recent Posts

  • Foot Locker, Beyond Meat, DoorDash & more February 26, 2021
  • Robinhood is still on track for a hot IPO despite the GameStop controversy February 25, 2021
  • Lowe’s, GameStop, Square, Intuit & more February 24, 2021
  • Home Depot, Palo Alto Networks, Shopify, AMC February 23, 2021
  • Forget bitcoin — fintech is the ‘real Covid-19 story,’ JPMorgan says February 22, 2021
  • S&P 500 falls slightly on Friday to end a losing week February 21, 2021




Copyright © 2021 - SuperiorInvest.com - All Rights Reserved